I'm not sympathetic to small landlords. Being one means you have serious equity. Renters don't.
I’m really fed up w the idea that those who own property in the gilded city have the same struggle w those who don’t. Yes, there are small landlords. Yes, our mvmt wants to get them resources. But let’s also be real abt who has wealth and therefore options, and who doesn’t.https://twitter.com/RossBarkan/status/1256649916094517252 …
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I guess my point too is like yeah there’s a struggle for small landlords, but they have options
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Like, this goes two ways: 1) You own the property, you have extra capacity for debt, you have resources to tap before you cry equal poverty with renters 2) You are overleveraged & in danger of losing the business, which means you gambled (with people's lives!) and lost.
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Like, IDK. No one would consider it a travesty if someone who was down $2k at blackjack was forced to leave the casino as it was closed for social distancing / pause orders. Why is it a travesty if a property manager goes from "almost broke" to "can't make ends meet"?
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Barkan fails to see how his argument favors stratification of wealth in favor of hedge fund landlords and shockingly glosses over that all rent paid to landlordsover maintenence is theft of the time and laborof tenants.
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Not to mention that if they're too stupid to save some money, they deserve to lose their properties.
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